The following video is from Monday's MarketFoolery podcast in which host Chris Hill and analysts Joe Magyer and Jason Moser discuss the top business and investing stories.
Leucadia National has announced it is purchasing Jefferies Group, but since the purchase is being made in stock, and Leucadia's stock is a bit down at the moment, the timing has left the guys a little lukewarm on the decision. In this segment, we hear about Leucadia's various strengths and weaknesses, and whether this acquisition will turn out to pay off in the long run.
Many investors are scared about investing in big banking stocks after the crash, especially when double-edged acquisitions like this one take place, but the sector has one notable standout. In a sea of mismanaged and dangerous peers, it stands out as The Only Big Bank Built to Last. You can uncover the top pick that both we and Warren Buffett love today in our new report. It's free, so click here to access it now.